Is retirement a must at certain age, if a person continues to perform excellent ?

Salaried persons except a few do not earn a fortune to last for a lifetime. With the rising cost of living, imposition of income tax on all savings, separation of children due to social or financial reasons and several other socio-economic factors people have to depend on their own earnings in the last phase of life. The expenses also rise due to increase in medical bills, requirement of servants, chauffeurs, increase in house, water electricity taxes and cannot be met with the available resources. In addition the talent, expertise, knowledge and experience goes waste and this makes most persons unhappy. These factors prompt people to continue working as long as possible.

Age should never be a criteria for retirement. It should be performance based and a person should take retirement only when his performance is affected due to his age. In fact, retirement age for office goers has been fixed based on assumption that at this particular age performance gets affected in majority cases. But this is an old assumption. It is not correct in present days situation when people are healthy and they can really perform even up to 85 or, 90 years of age.

Sir you are right that age should not be the criteria for retirement but choice of individual is not the ultimate because some aged person wants to work more but they are not able to fulfill the requirements.

i mean we should not take decision on both age factor and individual's willingness but we should consider that is he or she can perform better then the coming generation or coming newer one.